Which of the Following Assets Would Most Likely Be Listed

question 139

Multiple Choice

Which of the following assets would most likely be listed last on a statement of financial position?

• A)Land.
• B)Cash.
• C)Accounts receivable.
• D)Equipment.

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Definitions:

Comprehensive Income

The total change in equity for a reporting period other than from transactions with owners.

Operating Cash Flows

The cash generated from the primary revenue-producing activities of a business, indicating its health and ability to generate funds internally.

Pro Forma Statements

Financial statements prepared to show the effects of future events or transactions, typically used in projections.

Bottom-Up Approach

An investment analysis approach focusing on individual stocks or companies, as opposed to the broader market conditions or economic trends.